Former junk bond king Michael Milken has sold about one-third of his holding in troubled computer games company 7th Level, Variety magazine reported. Milken took advantage of a jump in 7th Level's stock price last week to sell 500,000 shares for about $1.7 million, according to a Securities and Exchange Commission filing made late Friday, according to Variety's latest issue.

Former junk bond king Michael Milken has sold about one-third of his holding in troubled computer games company 7th Level, Variety magazine reported. Milken took advantage of a jump in 7th Level's stock price last week to sell 500,000 shares for about $1.7 million, according to a Securities and Exchange Commission filing made late Friday, according to Variety's latest issue.

Ed Seibold has joined WWW.Com Inc. as producer of the Buy It channel. He previously developed an electronic commerce platform for E-Commerce Solutions International and was director of electronic commerce for Wazzu Corp. in Fountain Valley. In addition, Adam Smith was appointed producer of the entertainment channel. Before joining the company, he developed and produced episodes for the Game Show Network and developed CD-ROM projects for 7th Level Inc.

As a kid, Dan Kuenster wanted to be both an actor and an artist. That's the best explanation, he figures, for how he ended up in the fanciful world of animation--first for Walt Disney Co. and later under the tutelage of Don Bluth, at whose independent animation studio he drew landmark animated films such as "The Secret of NIMH" and Steven Spielberg's "An American Tail." With credentials like those, Kuenster could have been content staying at the highest level of cinema animation artists.

The burgeoning entertainment industry is transforming this community, once known mostly as the home of Forest Lawn, into one of the hottest office markets in Southern California. With studios and other media-related firms flocking to town, the demand for office space has soared. The trend, which began in 1991, was in evidence again on Monday with the news that Walt Disney Co. plans to lease seven floors in a Glendale office building for corporate administrative operations.

The burgeoning entertainment industry is transforming Glendale, once known mostly as the home of Forest Lawn Memorial Park, into one of the hottest office markets in Southern California. With studios and other media-related firms flocking to town, the demand for office space has soared, with Glendale now boasting among the lowest vacancy rates and highest rental rates in the region. The trend, which began in 1991, was in evidence again last month with the news that Walt Disney Co.

"Think different," urges the ad campaign for a certain personal computer company. This has been a choice year to do exactly that in financial markets. True contrarians--investors who focus on doing the opposite of what most investors appear to be doing with their money--have been handed a host of great opportunities this year, thanks to global markets' manic mood swings.

It's just past 2:30 on a Thursday afternoon and Michael Milken is on a roll. The man who once made financial markets quiver is facing an audience as tough as any on Wall Street--22 students at Mount Vernon Middle School near downtown Los Angeles--and he's in command. Milken is teaching the students how to do huge multiplication problems instantly in their heads. "What's 87 times 83?" he bellows to the adolescents who compete against each other in the exercise.